Transportadora de Gas del Sur (NYSE:TGS) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.51 and traded as high as $21.16. Transportadora de Gas del Sur shares last traded at $20.24, with a volume of 117,153 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th.

Transportadora de Gas del Sur Trading Up 2.4 %

The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $19.79 and a 200-day simple moving average of $18.53. The firm has a market cap of $3.16 billion, a P/E ratio of 39.57 and a beta of 0.73.

Transportadora de Gas del Sur (NYSE:TGS) last announced its earnings results on Monday, August 5th. The energy company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. The firm had revenue of $298.68 million during the quarter, compared to analysts’ expectations of $379.90 million. On average, equities research analysts expect that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of large investors have recently bought and sold shares of TGS. Helikon Investments Ltd purchased a new stake in shares of Transportadora de Gas del Sur in the 1st quarter worth $3,329,000. Truxt Investmentos Ltda. acquired a new position in Transportadora de Gas del Sur during the 2nd quarter valued at about $1,723,000. SPX Gestao de Recursos Ltda increased its position in Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after buying an additional 69,556 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in Transportadora de Gas del Sur during the 2nd quarter valued at about $759,000. Finally, Quadrature Capital Ltd grew its stake in Transportadora de Gas del Sur by 101.9% during the 1st quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after purchasing an additional 38,123 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.